NNPC Retires Employees With 15 Months to Retirement

The Nigerian National Petroleum Company Limited, NNPCL has compulsorily retired all management staff with less than 15 months to statutory retirement.

In an early morning announcement today, the company declared that the retirement of the affected workers was with immediate effect, stressing that the move would support its business objectives.

The national oil firm disclosed this via its official X (formerly Twitter) handle, revealing that the development was in a bid to pursue effective organisational renewal to support the delivery of strategic business objectives, therefore it became imperative to rejuvenate its workforce.

The firm noted that in addition to the recent exit of three Executive Vice Presidents, other management staff with less than 15 months to statutory retirement will be exiting the company effective September 19, 2023.

It noted that this is in line with the firm’s commitment to scale up NNPCLs capabilities through targeted talent management and equal opportunity for all Nigerians.

VOP News gathered that the firm also carried out employee reorganisations in its top management cadre, moving some senior officials to other arms of its ventures such as the Nigeria Liquefied Natural Gas Limited, NLNG and Nigeria Petroleum Development Company, NPDC among others.

On Sunday, the oil firm announced the appointments of three new Executive Vice Presidents as part of the ongoing shake-up in the multi-billion dollar national company.

It named Oritsemeyiwa Eyesan as the new Executive Vice President, of Upstream; Olalekan Ogunleye, Executive Vice President, of Gas, Power, and New Energy; and Adedapo Segun as Executive Vice President, of Downstream.

The announcement, which was posted on the company’s X handle (formerly called Twitter) early on Sunday, stated that the appointment of the new EVPs was with immediate effect.